Core Viewpoint - The board of directors of Minmetals Capital Co., Ltd. has approved several key resolutions, including adjustments to internal structures, the appointment of a new vice president, and the establishment of a joint venture with a related party, which aims to enhance asset management efficiency and optimize resource allocation [1][3][15]. Group 1: Internal Structure Adjustments - The company has decided to adjust its internal structure by establishing an audit department and renaming existing departments to better align with its operational needs [1]. - The board meeting was attended by all nine directors, and the resolution regarding internal structure adjustments received unanimous approval [2]. Group 2: Appointment of Vice President - The board has approved the appointment of Ms. Xie Ying as the vice president, effective immediately upon the board's approval [3]. - This decision also received unanimous support from the board members [4]. Group 3: Trust Beneficiary Rights Transfer - The company has agreed to transfer trust beneficiary rights, which is expected to result in a loss of 0.98 billion yuan, subject to final assessment [5]. - This resolution was also unanimously approved by the board [6]. Group 4: Joint Venture with Related Party - The company’s subsidiary, Minmetals Trust, will jointly invest with its controlling shareholder, China Minmetals Corporation, to establish a joint venture with a registered capital of 1 billion yuan, where Minmetals Trust will contribute 300 million yuan [16][22]. - The joint venture will focus on real estate development and aims to leverage the expertise of Minmetals Real Estate Holdings [25]. - The establishment of this joint venture constitutes a related party transaction and requires further approval from the shareholders' meeting [17][19]. Group 5: Shareholders' Meeting - The board has resolved to convene the fourth extraordinary shareholders' meeting of 2025 to discuss the aforementioned matters [12]. - The timing and details of the meeting will be determined by the board secretary after the current board meeting [13].

Core Points - The company held its 14th meeting of the third supervisory board on March 24, 2025, where all three supervisors attended, ensuring compliance with legal regulations [1] - The supervisory board approved the use of up to 2 billion yuan of temporarily idle self-owned funds for cash management in 2025, aiming to enhance the efficiency of fund utilization and increase cash asset returns without affecting the main business operations [2] - The board also approved a proposal regarding the major shareholder's investment in a subsidiary and joint investment with related parties, confirming that the transaction complies with legal regulations and does not harm the interests of the company or its shareholders [2]

Core Points - The company held its 15th meeting of the third board of directors on March 24, 2025, where several key resolutions were passed [1][2][4] Group 1: Board Resolutions - The board approved the proposal to supplement independent directors, nominating Wei Zhihua and Lin Hongzhen as candidates [2][3] - The board approved a proposal to apply for a comprehensive credit limit of up to 1.9 billion RMB from financial institutions to support business operations and expansion [3][4] - The board authorized the chairman to handle the credit application and sign relevant contracts [4] - The board approved the use of up to 2 billion RMB of temporarily idle self-owned funds for cash management, allowing investment in high-security, liquid financial products [5] - The board passed a proposal regarding the equity of a subsidiary in which major shareholders are involved, with related directors abstaining from the vote [6] Group 2: Upcoming Meetings - The board proposed to hold the first temporary shareholders' meeting of 2025 on April 9, 2025, to review the submitted proposals [6]